Question # 1

What is the main characteristic of a capialist of free market economy:

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Individuals are the owners factors of Production

Profit is the min motives of carrying out various activities

Consumer freedom

All of above

The abbreviation NASA stands for which of the following:

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National Association safely Association

National Aeronautics and Space

National Aeronautics and Space Admi9nsitraion

North American Space Administration

Globlization is made more difficult by:

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The actions of the world Trade organization

The removal of protectionist measure

Exchange rate instability

More free trade agreements

Under new GATT agreements textile trade related to Multi- Fiber Arrangement (MFA) has to be abolished within?

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5 Years

10 Years

15 Years

20 Years

When you consume more and more of a commodity continuously, your total satisfaction level will?

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Decrease

Fluctuate

Remain

Increase

An Enquiry into the Nature and Causes of Wealth of Nations is the book of economics written by:

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Adam Smith

Marshall

Robbins

None of above

Which is not a monetary measure to control inflation?

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Soft loan policy

Hard credit policy

Tight the regulation of money issue

To reduce the quantity of money

If the minimum wage is set above the equilibrium wage rate then other things unchanged:

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There will be equilibrium in the labour market

There will excess demand in the labour

There will be excess supply in the labour market

More people will be employed

The charge in quantity demanded because of the change in the relative price of the product?

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Change in quantity demanded

Change in demand

Law of demad

Substitution effect

Which included Capital budget?

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Income received from public borrowings

Income received from tax-sources

Income received from non-tax sources

All of the above

Karl Marx's used which term for the capitalist class, comprising the owners of the means of production:

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Causal logic

Bourgeoisie

Cohabitation

Class system

More Classes

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